Issue a credit card refund

A return/refund transaction is not usually charged as a
separate item against your bank account. Instead, it is included with the
business day's credit card payment transactions that are deposited into
your bank account by the merchant account processor. By following these
instructions, the return/refund transaction is recorded in your QuickBooks bank
account as a separate transaction. Be sure to keep this in mind when you
reconcile your bank statement.